Financial transactions via mobile devices in China is projected to be hit US$497.52 billion by 2019. Ads concerning debit and credit products took the largest share of 41% in total financial ads placements. Only 3% of ads were placed for insurance products. Baidu News Feed is the most popular platforms among advertisers, with 22% of financial ads placements […]
186 companies joined China’s US$1 billion unicorn club in 2018, with a combined valuation exceeding 5 trillion yuan (US$741.97 billion). Sequoia Capital owns stakes in 49 unicorns of the 186 unicorns. 30 unicorns are affiliated with Tencent, 21 with IDG, and 17 with Alibaba. Hangzhou is home to 18 unicorns and surpasses Shanghai (42 unicorns valued at […]
Many people keeping an eye on the Chinese digital market know Tik Tok, which is known as Douyin in China. Not many know the company behind Tik Tok, ByteDance and its founder Zhang Yiming. ByteDance has also created several other very popular mobile apps such as Toutiao and Xigua Video. ByteDance’s products continue to grow […]
Tik Tok topped the ranking of mobile apps with most downloads on Apple App Store in China in October 2018. PUBG, iQiyi, Tencent Video, and Xiaohongshu all retained their positions. Toutiao, Qutoutiao, and Xianyu made big progress. Tencent’s Honor of Kings still earned most. Eight out of the top best earners were game apps.
The monthly active users of short video apps in China exceeded 500 million in June 2018, an increase of 45.6% year-on-year. Tik Tok saw its monthly active users exceeded 200 million, closely behind that of Kwai (231.09 million). Weishi showed a great potential with monthly active users growing by 266 times from 161 thousand to […]
Kantar’s social media report has found that Chinese respondents are generally happy with changes brought by social media. People born in 1990s (post-90s) showed more caution against negative impacts of social media. WeChat continues its dominance, however, its growth has largely slowed down. Weibo is making a comeback, many new and old social media platforms […]
Tencent News, Toutiao, and Yidianzixun are the top 3 mobile news apps by MAU in China in March 2017, all exceeding 100 million active users.
Tencent News is the top mobile news app by the total number of monthly active users (150.6 million), followed by Toutiao, Tiantian (also owned by Tencent), Sohu News, and Phoenix News.
JD.com reported net revenues of RMB 60.7 billion (US$9.1 billion) and gross profit of RMB9.6 billion (US$1.4 billion) for Q3 2016.